S 1124 · 119th Congress · Finance and Financial Sector

Anti-CBDC Surveillance State Act

Introduced 2025-03-25· Sponsored by Sen. Cruz, Ted [R-TX]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2025-03-25)

Plain Language Summary

[AI summary unavailable — showing source text] Anti-CBDC Surveillance State Act  This bill prohibits a Federal Reserve bank from offering products or services directly to an individual, maintaining an account on behalf of an individual, or issuing a central bank digital currency (i.e., a digital dollar). Further, the Board of Governors of the Federal Reserve System is prohibited from using a central bank digital currency to implement monetary policy or from testing, studying, creating, or implementing a central bank digital currency, with exceptions as provided by the bill.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (7)

7 Republicans